Employee wellness programs are developed by employers and focus on keeping and improving the well-being and health of the employees.
There are various types of wellness programs, from creating nap rooms and providing healthy lunches and snacks to offering on-site gym services and mind-body therapy classes. Today we’re listing the most significant benefits of wellness programs:
It lowers the health expenses
Developing wellness programs for the employee will lead to lower health care spending. Several studies revealed that using wellness programs for the employees generates an average return on investment of 3.27. Therefore, for every dollar spent on the wellness program, the company saved $3.27 thanks to the lower healthcare spending.
It increases productivity
Beyond a doubt, wellness programs will improve employee/s productivity. Numerous studies showed that employers who develop employee wellness programs would notice constant creativity improvement for their employees.
It leads to higher engagement
Companies running wellness programs note a higher commitment to their employees. Employee engagement relates to better health too. The American Psychological Association highlighted that 91% of employees at companies supporting well-being feel engaged to do their best at work.
It reduces absenteeism
Wellness programs for employees minimize the rate of absenteeism. Employees in companies providing wellness programs don't skip work as much. The risk for them to miss work without a strong reason is lower when the company develops wellness programs.
It leads to higher retention
Employee wellness programs help the companies to solve the employee turnover, generating higher retention. When an employee is enjoying his work, the chance for him to leave their job is lower. The risk for job burnout is also lower, as employees have a positive perception of their career. Having highly-motivated employees is good only until they end up being stressed out and deal with job burnout. Not having wellness programs raises the risk for burnout, even though there is a solution for addressing job burnout too.
It helps employees feel happier about their job
Companies with wellness programs note that employees feel more satisfied with their job. It seems that employees in companies who provide employee wellness programs are almost 70% happier than employees in companies who don't develop wellness programs for their employees.
It improves the company’s culture
Almost 80% of employees consider that wellness programs have positive effects on the company culture. Throughout the wellness programs, the employees get to know each other more, building meaningful relationships. They feel taken care of by the employer, who is developing the wellness programs for them.
It eases out the recruiting process
Employee wellness programs provide another significant benefit, as they help the employer stay competitive within the labor market. A company running wellness programs is going to become reputed for the care for the employees, attracting and hiring only top talent.
Candidates will be more interested in choosing an employer who provides wellness programs for the employees. It seems that almost 90% of employees are checking the health and wellness options when selecting their new employer.
The American Psychological Association revealed that 89% of employees at companies supporting well-being programs would recommend their company as a great place to work.